TAP Consulting LLC decreased its stake in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL – Free Report) by 4.9% in the fourth quarter, HoldingsChannel reports. The firm owned 1,623 shares of the company’s stock after selling 84 shares during the period. TAP Consulting LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $274,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. acquired a new stake in Direxion Daily S&P 500 Bull 3X during the 4th quarter valued at $34,000. Berkshire Asset Management LLC PA purchased a new stake in Direxion Daily S&P 500 Bull 3X in the 4th quarter worth about $1,738,000. Raymond James Financial Inc. acquired a new stake in Direxion Daily S&P 500 Bull 3X during the 4th quarter worth about $224,000. SBI Securities Co. Ltd. purchased a new position in Direxion Daily S&P 500 Bull 3X during the 4th quarter valued at about $24,552,000. Finally, Bouchey Financial Group Ltd purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X in the fourth quarter worth approximately $227,000.
Direxion Daily S&P 500 Bull 3X Stock Performance
SPXL stock opened at $146.42 on Thursday. The stock has a market cap of $4.53 billion, a P/E ratio of 23.45 and a beta of 3.12. The firm has a 50 day simple moving average of $170.43 and a 200 day simple moving average of $169.78. Direxion Daily S&P 500 Bull 3X has a 52 week low of $111.54 and a 52 week high of $190.34.
Direxion Daily S&P 500 Bull 3X Company Profile
Direxion Daily S&P 500 Bull 3X Shares, formerly Direxion Daily Large Cap Bull 3X Shares, seeks daily investment results of 300% of the price performance of the S&P 500 Index. The S&P 500 Index is a capitalization-weighted index composed of 500 domestic common stocks. Standard & Poor’s selects the 500 stocks comprising the Index on the basis of market values and industry diversification.
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